Wens Foodstuff Group (300498) Q3 2026 earnings summary

Executive summary

• 9M 2026 attributable net loss was ¥4.961bn, following a ¥5.256bn profit in the prior-year period; sharply lower hog prices drove major losses in hog farming.

• Q3 revenue was ¥25.450bn, down 1.88% YoY; 9M revenue was ¥72.197bn, down 4.74% YoY.

Financial highlights

• Q3 attributable net loss was ¥595.5m, with a YoY change of -133.44%; 9M adjusted attributable net loss, excluding non-recurring items, was ¥4.999bn.

• 9M operating cash flow was -¥48.9m, versus ¥8.199bn a year earlier; lower hog prices and higher raw-material prices weighed on cash generation.

• 9M net loss was ¥4.996bn; income tax expense was ¥52.5m, down 61.34% YoY as deferred tax expense declined.

Segment performance

• Hog farming incurred substantial losses amid a sharp decline in the principal product, live hogs; losses at hog-farming subsidiaries also drove minority shareholders’ loss of ¥34.7m for 9M.